Novolipetsk Metallurgical Plant, the flagship site of NLMK Group, has begun a large-scale reconstruction of steelmaking units - converters and associated dust and gas collection equipment of Converter Shop No. 2.
The reconstruction will increase the productivity of the workshop by 18% from 8.5 million tonnes up to 10 million tons of steel per year and reduce air emissions by 70%. Investments in the project will amount to 23 billion rubles.
The project is divided into two stages and will be completed at the end of 2020. Currently, NLMK has started the first stage of the reconstruction, which will last about 5 months. During this time, converter No. 2 with a volume of 300 tons will be replaced by a unit with a volume of 330 tons, gas exhaust ducts will be reconstructed, and an effective system for capturing and cleaning converter gas will be installed. The second stage of reconstruction - the replacement of converter # 3 with a more efficient unit - will begin in 2020.
“Reconstruction of converters in shop # 2 is one of the central projects of the new strategy, which, together with other program elements development of blast-furnace and steel-making production will increase NLMK's steel production by 1 million tons per year. At the same time, the introduction of modern environmental and energy-saving solutions will reduce the impact on the environment. Thus, the introduction of the best available technologies will ensure an increase in the efficiency of gas cleaning by 2.5 times. Despite the increase in production, emissions in this area will be virtually eliminated, "commented Konstantin Lagutin, Vice President of NLMK Group for Investment Projects.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the world's most efficient producers of steel products.
NLMK Group metal products are used in various industries , from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue in 2018 amounted to $ 12 billion, EBITDA - $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
NLMK's common shares, which free-float is 18.6%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker “NLMK: LI”). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble. More information about NLMK's share capital can be found here.
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